While New York-listed HASI,which operates as a real estate investment trust (REIT),has been public in its recent pivot towards distributed energy, it appears to be the first time that it has directly funded a company engaged in the third-party ownership model that is driving residential PV installations in many parts of the US.

“With this investment, we are further diversifying our portfolio of economic, reliable and sustainable distributed energy assets,” says HASI chief executive Jeffrey Eckel.